Category Archives for Industry News

New carrier connections heighten rate pressure on India-US trades Container shipping sources in India expect an even more dramatic impact on carrier pricing power in the coming weeks as new services added recently settle into the market. New carrier connections heighten rate pressure on India-US trades Journal of Commerce

Cap European rail electricity price hikes or lose out to road: intermodal group Long-haul rail freight in Europe, the main alternative to road transport, is being undermined as the cost of electricity far outstrips diesel, say combined transport stakeholders. Cap European rail electricity price hikes or lose out to road: intermodal group Journal of Commerce

US flatbed trucking activity sees early regional revival: DAT Demand for flatbed tractor-trailers is rising along the Gulf Coast and Southeast, buoyed by project cargo, shifting freight patterns, and a warmer-than-normal winter, DAT Freight & Analytics says. US flatbed trucking activity sees early regional revival: DAT Journal of Commerce

Year-on-year decline in US imports from Asia accelerated in January The West Coast’s share of US imports from Asia continued to erode last month as retailers shipped their discretionary cargo through East and Gulf coast ports to avoid potential disruption linked to ongoing labor talks. Year-on-year decline in US imports from Asia accelerated in January Journal […]

Maersk culls another trans-Pac service as ship supply outstrips demand Maersk’s move is part of a raft of service changes by it and other carriers as they wind down trans-Pacific vessel capacity they quickly brought on during the pandemic-driven demand surge. Maersk culls another trans-Pac service as ship supply outstrips demand Journal of Commerce

DB Schenker, MSC lock in net-zero biofuel deal to cut shipping emissions MSC vessels that transport containers for DB Schenker will use a blend of biofuel under an agreement designed to generate substantial cuts in CO2 emissions this year. DB Schenker, MSC lock in net-zero biofuel deal to cut shipping emissions Journal of Commerce

Container leasing market slows amid ocean sector cooling: Textainer Though some shipping lines are holding onto spare container capacity ahead of an expected pickup in demand in the second half of the year, most are finding they no longer need the quantity of containers they possessed throughout the historic, two-year surge in demand. Container leasing […]

Top container lines commit to complete shift to electronic bills of lading by 2030 Major container lines have agreed to an ambitious 2030 deadline to migrate from paper bills of lading to digital versions as resistance to such initiatives weakens. Top container lines commit to complete shift to electronic bills of lading by 2030 Journal […]

Ex-Slync CEO Kirchner charged with defrauding investors of millions Federal authorities allege ex-Slync CEO Chris Kirchner took millions of dollars meant to fund the startup technology company and instead financed extravagant personal expenditures. Ex-Slync CEO Kirchner charged with defrauding investors of millions Journal of Commerce

Cass sees US freight shifting to truckload as costs drop Lower rates and ample capacity are drawing more freight to the US truckload sector, particularly the dedicated and contract markets, according to the Cass Freight Index report. Cass sees US freight shifting to truckload as costs drop Journal of Commerce